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Industrial

7251-W-4th-St-Greeley-CO
AcquisitionsColoradoIndustrialWestern

City Lights Church Buys Commercial Building in Greeley, Colorado for $5.5M

by Amy Works

GREELEY, COLO. — Cushman & Wakefield has arranged the sale of a freestanding flex commercial property, located at 7251 W. 4th St. in Greeley. City Lights Church acquired the property from Ashton Greeley Property LLC for $5.5 million. Originally built in 1985 and since renovated, the 48,044-square-foot building was vacant at the time of sale. The property is situated on more than 4.6 acres. Jason Ells of Cushman & Wakefield represented the seller, while Erick Backlund of Kairos Real Estate represented the buyer in the deal.

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AcquisitionsIndustrialTexas

Westcore Acquires 519,905 SF Industrial Property in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired Railhead Business Station, a four-building, 519,905-square-foot industrial property in North Fort Worth. The property, which was built in phases between 2000 and 2007 within the 366-acre Railhead Industrial Park, was fully leased to 11 tenants at the time of sale. Seth Koschak, Matteson Hamilton, Forrest Cook, Jeff Rein, Lee Belland III, Trey Mahla and Haili Rumsey of Stream Realty Partners represented the undisclosed seller in the transaction. Westcore was self-represented. The sales price was not disclosed.

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DevelopmentIndustrialTexas

Hillwood Underway on Two Spec Industrial Buildings Totaling 449,232 SF in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hillwood is underway on construction of two speculative industrial buildings totaling 449,232 square feet at AllianceTexas in North Fort Worth. Alliance Center East 2 and 3 will both span 224,616 square feet. Designed by RGA Architects, each building will feature 32-foot clear heights, 60-foot loading bays and 185-foot truck court depths with additional land for expanded car/trailer parking. Inwood Bank provided construction financing for the project. Delivery is slated for the first quarter of 2024.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 12,271 SF Industrial Lease in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — Lee & Associated has negotiated a 12,271-square-foot industrial lease at Grove Business Park in the northeastern Dallas suburb of Richardson. Jessica Reinhardt and George Tanghongs of Lee & Associates represented the landlord, an entity doing business as Dallas North Industrial LLC, in the lease negotiations. Byron McCoy of Younger Partners represented the tenant, automotive paint specialist English Color & Supply LLC.

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AcquisitionsIndustrialNortheastPennsylvania

Alliance HP Sells 122,373 SF Industrial Portfolio in Philadelphia

by Taylor Williams

PHILADELPHIA — Locally based investment firm Alliance HP has sold The Philadelphia Infill Industrial Portfolio, a collection of three industrial properties totaling 122,373 square feet in Philadelphia. The sales price was $24.7 million. The portfolio was fully leased at the time of sale and features clear heights between 17 and 22 feet, 14 loading doors, five drive-in doors and 163 parking spaces. The buildings are all located within a 2.5-mile radius of Philadelphia International Airport. John Plower, Ryan Cottone, Larry Maister and Kyle Lockard of JLL represented Alliance HP in the transaction. The buyer was not disclosed.

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DevelopmentFloridaIndustrialSoutheast

Seagis Property Group Nears Completion of 118,000 SF Industrial Facility Near Miami International Airport

by John Nelson

DORAL, FLA. — Pennsylvania-based Seagis Property Group is nearing completion of a 118,000-square-foot warehouse project near the cargo entrance of Miami International Airport. The speculative facility, which is estimated as being 75 percent complete, is located at 8315 N.W. 27th St. in Doral. Situated within Transal Park, the rear-load warehouse will feature 32-foot clear heights, 32 dock doors and 110 automobile parking spaces. Sebastian Juncadella and Jose Juncadella of Fairchild Partners are marketing the project for lease on behalf of Seagis, which expects to deliver the property by the end of the year.

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DevelopmentIndustrialTexas

Newmark Arranges Joint Venture Equity for 238,289 SF Industrial Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Newmark has arranged joint venture equity for Oak Creek Distribution Center, a 238,289-square-foot industrial facility in Fort Worth. Oak Creek Distribution Center will be situated on a 17.8-acre site and feature a rear-load configuration, 32-foot clear heights, 130-foot truck court depths, two ramps and 63 dock-high doors. Dustin Volz, Stephen Bailey, Dom Espinosa and Zach Riebe of Newmark worked on behalf of the sponsor, Dallas-based Falcon Commercial Development, to secure the equity placement from Diamond Realty Investments. Construction is scheduled to begin later this month and to be complete by spring 2024.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 332-Unit Self-Storage Facility in Denton

by Taylor Williams

DENTON, TEXAS — Marcus & Millichap has brokered the sale of Affordable Self Storage, a 332-unit facility located in the North Texas city of Denton. The property was built in 1973 and totals 47,108 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a locally based private investor that has operated the property for three decades, in the transaction. The buyer was a Chicago-based investment firm. Both parties requested anonymity.

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IndustrialLeasing ActivityTexas

Stuart C. Irby Co. Signs 51,600 SF Industrial Lease in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Stuart C. Irby Co., a provider of electrical parts and equipment, has signed a 51,600-square-foot industrial lease at West Fork Business Center in Fort Worth. Stuart Smith of Cushman & Wakefield represented the tenant in the lease negotiations. Trey Goodspeed and George Jennings of Holt Lunsford Commercial represented the landlord, Exline Capital. 

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AcquisitionsIndustrialTexas

Northwest ISD Acquires 33,550 SF Warehouse in Rhome, Texas

by Taylor Williams

RHOME, TEXAS — The Northwest Independent School District has acquired a 33,550-square-foot warehouse that is situated within 114 Industrial Park, a 174-acre development located about 25 miles north of Fort Worth in Rhome. Owned by Dallas-based Realty Capital, 114 Industrial Park currently offers 150,000 square feet of shallow-bay industrial space, with a 136,500-square-foot building also under construction. George Curry of JLL represented Northwest ISD in the transaction.

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